Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
985986 | Resources Policy | 2008 | 16 Pages |
Abstract
The paper provides an account of aspects of exchange-rate economics that are of particular relevance to the resources sector. The issues discussed include exchange-rate volatility and the risk management practices used to deal with it, the role of productivity differences across countries, and the impact of a booming resources sector on the country's exchange rate. The discussion is organized around a simple stylized model that emphasizes the quantity theory of money and purchasing power parity as a long-run link between prices and exchange rates.
Keywords
Related Topics
Physical Sciences and Engineering
Earth and Planetary Sciences
Economic Geology
Authors
Kenneth Clements, Yihui Lan, John Roberts,